📌 Chart: Weekly | Symbol: NSE:RAMCOCEM
Ramco Cements is testing the upper resistance of a multi-year symmetrical triangle that has been forming since mid-2021. This type of consolidation often precedes a major breakout or breakdown, and we’re now at a critical decision point.
💡 Key Observations:
Price is coiling near the triangle apex — a breakout above ₹1,020 could lead to a strong momentum move.
Multiple attempts to break the upper trendline show building pressure.
Volume has started to pick up on green candles — early signs of accumulation?
Weekly RSI trending higher, signaling strength.
📈 Levels to Watch:
Breakout Zone: ₹1,010–₹1,020
Target Zones: ₹1,150 → ₹1,250+ (if breakout sustains)
Support: ₹930 (short-term), ₹870 (pattern base)
🧠 Bias: Bullish on breakout confirmation
⏳ Strategy: Wait for a close above ₹1,020 with volume. Keep SL below last swing low.
Ramco Cements is testing the upper resistance of a multi-year symmetrical triangle that has been forming since mid-2021. This type of consolidation often precedes a major breakout or breakdown, and we’re now at a critical decision point.
💡 Key Observations:
Price is coiling near the triangle apex — a breakout above ₹1,020 could lead to a strong momentum move.
Multiple attempts to break the upper trendline show building pressure.
Volume has started to pick up on green candles — early signs of accumulation?
Weekly RSI trending higher, signaling strength.
📈 Levels to Watch:
Breakout Zone: ₹1,010–₹1,020
Target Zones: ₹1,150 → ₹1,250+ (if breakout sustains)
Support: ₹930 (short-term), ₹870 (pattern base)
🧠 Bias: Bullish on breakout confirmation
⏳ Strategy: Wait for a close above ₹1,020 with volume. Keep SL below last swing low.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.